Midtown

Office Space Market Report

Number of Listings (last 90 days)

27

Median Rate ($/sqft/yr)

$24


Median Size (sqft)

5,330

As of: August 17, 2017

Midtown Rates

The typical asking rate per listing is in the $20's per square foot per year.
The Midtown submarket is seeing a decline in rates.
In the last 3 months, the median rate
fell
$3 per sqft per year.
That's a 12%
decline in rent.

Compared to the rest of the Oklahoma City market, the Midtown submarket has
higher rates, and you'll need to make a great offer to be in this hot region.

Midtown Listing Supply

In the last 90 days, 27 listings have come on the market,
which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately.
About 19% of the office spaces in the Midtown are subleases,
so you might be able to sign a shorter term by taking over a previous lease.
There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,990 sqft, there are still 0 listings below 2,000 sqft.
Most buildings in this region are close to 2 stories.
Most buildings in this market were built in 1949
and are Class B.

Midtown Community

A large portion of this area is residential, but there's plenty of office_space.
Wholesale trade is the dominant industry in this area.
Most of the occupants of Midtown work from home.
Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Midtown.Market Report

Market Data

Real time and historical data on commercial real estate listings in Midtown.Research